Redcentric (RCN)

Sector:

IT Services

Index:

FTSE AIM All-Share

 113.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 114.00
  • 52 Week Low: 68.00
  • Currency: UK Pounds
  • Shares Issued: 148.76m
  • Volume: 23,386
  • Market Cap: 168.84m

Redcentric cuts net debt following CEO departure

By Iain Gilbert

Date: Monday 15 Apr 2019

LONDON (ShareCast) - (Sharecast News) - IT managed services provider Redcentric traded in line with management expectations in its last trading year, cutting net debt by more than expected.
While providing no figures, Redcentric told investors on Monday that its trading results for the year ended 31 March were "in line with the board's expectations".

The AIM-listed outfit revealed that net debt at the end of the year was 17.6m, was ahead of the board's expectations and a reduction of 10.1m year-on-year.

Back in October, Redcentric reported that trading had been in line with expectations throughout the first half of the trading year but chief executive Chris Jagusz opted to resign six weeks later as the "disappointing" results did reveal a fall in half-year revenues.

Redcentric will post its fully audited annual results on 25 June.

As of 1020 BST, Redcentric shares had slipped 1.83% to 76.18p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Redcentric Market Data

Currency UK Pounds
Share Price 113.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 114.00
52 Week Low 68.00
Volume 23,386
Shares Issued 148.76m
Market Cap 168.84m

Redcentric Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.28% below the market average45.28% below the market average45.28% below the market average45.28% below the market average45.28% below the market average
78.49% above the sector average78.49% above the sector average78.49% above the sector average78.49% above the sector average78.49% above the sector average
Price Trend
87.92% above the market average87.92% above the market average87.92% above the market average87.92% above the market average87.92% above the market average
61.17% above the sector average61.17% above the sector average61.17% above the sector average61.17% above the sector average61.17% above the sector average
Income
97.38% below the market average97.38% below the market average97.38% below the market average97.38% below the market average97.38% below the market average
21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average21.05% above the sector average
Growth
48.49% below the market average48.49% below the market average48.49% below the market average48.49% below the market average48.49% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average

Redcentric Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 04-Jul-19
Paid 10-Jan-20 06-Sep-19
Amount 0.83p 1.00p

Trades for 19-Feb-2020

Time Volume / Share Price
16:46 7,500 @ 113.00p
16:29 4 @ 114.00p
15:51 180 @ 114.00p
14:04 3,075 @ 113.20p
12:24 11,411 @ 112.69p

Redcentric Key Personnel

CEO Peter Brotherton

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